Silicon Valley-based enterprise capital agency Andreessen Horowitz has employed Katie Haun as its first female common investing associate to run the corporate’s newly fashioned $300 million cryptocurrency fund, in response to an announcement published June 25.
Haun, who can be a director on the board of Coinbase, served as a federal prosecutor with the U.S. Division of Justice for ten years, the place she targeted on digital belongings and cryptocurrency startups. She reportedly led investigations into Mt. Gox and took down the corrupt brokers on the Silk Roadactivity pressure. Ben Horowitz, co-founder of Andreessen Horowitz, mentioned:
“As I discovered extra about her profession, I used to be much more impressed. She stood as much as murderous bike gangs and cartels, shut down organized crime, nailed RICO murderers, uncovered the biggest cash laundering and cybercrime rings, and stopped white collar crime and public corruption. By way of all of it, her prosecutorial report was no matter and 0. She by no means misplaced a case. Not as soon as. Not ever.”
In keeping with Bloomberg, Andreessen Horowitz has fashioned a brand new crypto fund, that may spend money on a spread of corporations from blockchain tasks to initial coin offerings (ICOs). All crypto offers by the agency will probably be reportedly performed from this fund. The enterprise capital agency had already invested about $100 million in digital foreign money in its final fund. Chris Dixon, a common associate on the fund, mentioned:
“We’re excited to have a fund targeted on this, with the flexibleness to allow us to make the investments we wish to make. The influx of entrepreneurs has dramatically elevated over the previous 12 months.”
Haun doesn’t have direct enterprise capital expertise, as per information outlet Recode, although she has made some private investments and teaches a cryptocurrency course at Stanford. The variety of ladies concerned in cryptocurrency and blockchain is far lower than that of men. Dixon identified that gender variety is “positively one thing that we have to enhance on.”
Not too long ago, there have been makes an attempt to draw extra ladies to the blockchainand digital foreign money fields. Initiatives like Mogul’s “Ladies in Crypto” occasions and organizations just like the Ladies in Blockchain Basis have been making an effort to get extra ladies concerned within the blockchain and crypto area.
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